The Bank of Korea submitted materials on July 9 supporting bank-led issuance of won-denominated stablecoins, while calling for priority issuance rights for bank-led consortiums and the creation of a statutory oversight body.
According to NS3.AI, the central bank’s proposal emphasizes giving banks a leading role in stablecoin issuance under a formal supervisory framework.
Separately, South Korea missed its first-quarter 2026 target for passing the Digital Asset Basic Act.
Bank of Korea Backs Bank-Led Won Stablecoin Issuance, Seeks Oversight Body
2026-07-09 14:30:12
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
